Stock Markets March 26, 2026 11:10 AM

Casablanca stocks retreat as Utilities, Banking and Mining weigh; All Shares down 0.84%

Market breadth tilted to declines as select names posted sizable gains while major sectors led losses

By Ajmal Hussain
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CMT HPS INV

Moroccan equities closed lower on Thursday, with the Moroccan All Shares index falling 0.84%. Sector weakness in Utilities, Banking and Mining pressured the market, even as a few stocks posted double-digit percentage gains. Broader market breadth favored decliners, and moves in oil, gold and currency markets accompanied the session.

Casablanca stocks retreat as Utilities, Banking and Mining weigh; All Shares down 0.84%
CMT HPS INV
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Key Points

  • Moroccan All Shares index closed down 0.84% at the Casablanca close.
  • Sector pressure came from Utilities, Banking and Mining, driving broad-market declines.
  • Top gainers included SBM, CMT and HPS; leading decliners were INV, TMA and IBC.

Moroccan shares ended Thursday's session in negative territory, with the Moroccan All Shares index finishing down 0.84% at the Casablanca close. Losses were concentrated in the Utilities, Banking and Mining sectors, which collectively weighed on overall market performance.

The session produced a handful of notable winners despite the negative tone. Societe des Boissons du Maroc SA (CSE:SBM) led gains, advancing 9.63% or 195.00 points to close at 2,220.00. Miniere Touissit (CSE:CMT) added 8.06% or 261.00 points to finish at 3,500.00, while Hps (CSE:HPS) rose 6.86% or 35.00 points to end the day at 545.00.

On the downside, Involys (CSE:INV) registered the largest decline among active names, slipping 9.97% or 15.65 points to close at 141.35. Total Maroc SA (CSE:TMA) retreated 5.30% or 84.00 points to 1,500.00, and IB Maroc Com SA (CSE:IBC) fell 4.64% or 2.97 points to 61.02.

  • Best performers: Societe des Boissons du Maroc SA (CSE:SBM) +9.63% to 2,220.00; Miniere Touissit (CSE:CMT) +8.06% to 3,500.00; Hps (CSE:HPS) +6.86% to 545.00.
  • Worst performers: Involys (CSE:INV) -9.97% to 141.35; Total Maroc SA (CSE:TMA) -5.30% to 1,500.00; IB Maroc Com SA (CSE:IBC) -4.64% to 61.02.

Market breadth at the Casablanca Stock Exchange favored decliners: falling stocks outnumbered advancing ones by 41 to 15, while 2 issues finished unchanged. Total Maroc SA (CSE:TMA) moved to a 52-week low in the session, closing at 1,500.00 after a 5.30% drop.

Commodities trading featured sharp moves. Crude oil for May delivery was up 4.33% or 3.91, trading at $94.23 a barrel. Brent oil for June delivery rose 4.58% or 4.45 to $101.71 a barrel. Precious metals experienced the opposite direction: the June Gold Futures contract fell 2.21% or 101.40, settling at $4,484.10 a troy ounce.

Currency pairs relevant to the Moroccan dirham moved modestly. EUR/MAD declined 0.52% to 10.76, while USD/MAD rose 0.12% to 9.34. The US Dollar Index Futures ticked up 0.18% to 99.58.

The trading day underlined a market where sector-level weakness in Utilities, Banking and Mining outweighed isolated stock-level gains, and where commodity and currency shifts accompanied equity moves.

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Risks

  • Sector concentration risk - weakness in Utilities, Banking and Mining could continue to depress market performance.
  • Commodity price volatility - sharp moves in crude and Brent oil may influence market sentiment and sector returns, particularly for energy-linked and mining firms.
  • Currency fluctuations - movements in EUR/MAD and USD/MAD and the US Dollar Index Futures introduce FX-related uncertainty for companies and investors operating in Morocco.

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